Wednesday, 27 May 2009

Baked Beans and a Flat Tax....

In Britain, a picture of the recession is beginning to fall into place. One statistic which must surely be a leading indicator in this country is the consumption of baked beans. April 2009 sales of baked beans compared with April 2008 have risen a whopping 21.6 percent, according to the BBC here.

Time to re-visit Greg Mankiw's discussion of the flat-ulence tax....and the broadening of its application...